Business and Technology

South African Reserve Bank cuts interest rate by 100 basis points

The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has cut the country’s interest rate by another 100 basis points, taking the repo rate to 4.25% per annum. The following is a statement on behalf of the MPC of SARB:

The Monetary Policy Committee (MPC) of the South African Reserve Bank decided to cut the repo rate by 100 basis points. This takes the repo rate to 4.25% per annum.

South African Reserve Bank

 

The May 2020 meeting of the MPC was been moved earlier and took place today. The MPC will host a media briefing today Tuesday 14 April 2020 at 11.30.

The conference will be hosted virtually on Zoom (details will be shared upon confirmation) and streamed live on the South African Reserve Bank’s (SARB) Facebook and YouTube accounts. Questions will be submitted during the conference and will be responded to thereafter.

In other news – Ntsiki Mazwai attacks South African men – They all have small Pen!ses

I find that South African men are generally small sized pen!s men‘, Ntsiki Mazwai wrote through a tweet. Controversial and outspoken SA musician Ntsiki, does not get tired of being on the firing line with the masses.

Ntsiki Mazwai

Although some of her die-hard fans think she is hilarious, some can easily take offense from her controversial tweets. The musician found herself trending again when she said South African men, have small pen!ses. Read more

Source: eNCA

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